Tag: Costs
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Weighing the Importance of Costs and Client Relationships in Construction
Over the past five years, small and midsize construction businesses have been hit hard by supply chain disruptions, inflation, and geopolitical pressures that have driven up material costs and intensified labor shortages. While some market conditions have stabilized since the initial upheaval, many contractors still face persistent challenges, affecting their cash flow and bottom line.…
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BCIS forecasts 17% building costs increase over next five years
Dr David Crosthwaite, chief economist at BCIS, said: “Industry sentiment data continues to present positive readings, although since the autumn budget these are now less optimistic than at the time of our previous forecast in September, when the headline S&P Global UK Construction Purchasing Managers’ Index reached a 29-month high. View the original article and…
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ABC: Material Costs Down 0.2% in December, Up 0.9% YoY
One of the many economic indicators we’re all watching is the price of materials in the construction industry. With political and economic changes in the mix, what can contractors expect for prices in 2025? Associated Builders and Contractors (ABC) offers a glimpse. According to ABC: Construction input prices decreased 0.2% in December compared to the previous month,…
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Volumetric Concrete Mixers Create Opportunities to Lower Your Project Costs
Starting a volumetric concrete business can help contractors overcome the scheduling challenges associated with concrete pours. If you are a contractor exploring a new revenue stream, volumetric concrete mixers tailor concrete delivery offerings to meet the most stringent requirements. Volumetric technology offers a unique competitive advantage over traditional barrel mixers on jobs where concrete quantities…
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Cut Metal Fabrication Costs | Storee Construction
In the dynamic landscape of industrial operations, optimizing costs while maintaining quality is a perpetual challenge. Facility managers and owners like yourself want to cut metal fabrication costs without compromising on excellence. But navigating the intricacies of cost estimation, material selection, and project management can make it seem like an impossibility. When it comes to…
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Cut Metal Fabrication Costs | Storee Construction
In the dynamic landscape of industrial operations, optimizing costs while maintaining quality is a perpetual challenge. Facility managers and owners like yourself want to cut metal fabrication costs without compromising on excellence. But navigating the intricacies of cost estimation, material selection, and project management can make it seem like an impossibility. When it comes to…
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Survey: Manual Processes Hurt Quality Control and Add Costs on Construction Sites
A new survey of 500 US executives and managers in construction and engineering found that nearly half still use manual collection processes to capture critical data on job sites. These manual processes increase the time needed to make decisions, hurt work quality, and leave firms facing unnecessary costs. The research, from TrackVia, a mobile-ready workflow…
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Research Institute: A Shared Information Platform Reduces Construction Costs Considerably
A new Danish study shows how the use of a shared digital management and communication platform on large-scale construction projects leads to considerable cost reductions. The Danish Building Research Institute conducted a six-month research project that studied the effects of using a specific IT concept during construction. The three case studies were: The Maersk Tower,…
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CO2 Performance Ladder: Cut Emissions, Save Costs and Win Business
Reducing your company’s CO2 emissions is not optional, especially if you operate in the EU. The CO2 Performance Ladder is a tool that helps companies in improving their environmental and business performance. In this interview, Brian Heikamp, Project Manager at The Foundation for Climate Friendly Procurement and Business, explains the tool and the benefits of…
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Reducing Everyday Business Costs: 3 Steps towards a More Cost-Effective Business Model
While Lloyds Bank recently reported a considerable dip in business confidence in the Southwest of England, overall sentiment in the UK remains positive. This is despite ongoing concern surrounding the UK property market, which remains home to significant instability and unsustainable growth. With business confidence on the rise, however, now is the ideal time for…